OSI Industries is one of the largest food companies in the world and has been named as one of the top 100 American Food Companies, too. OSI Industries recently merged with Turi Foods in Australia to form Turosi Pty. Ltd. This merger will benefit both companies and will help OSI to expand into the Australian market due to Turi Food’s experience with the poultry processing and farming industry in the nation. Thomastown and Geelong, Victoria will continue to be the home of their combined plants, and it is expected that new plants will be constructed in the future in other Australian cities.
As one of the most well-known poultry processors in Australia, Turi Foods supplies fast food restaurants, specialty retailers of chicken products, roast chicken outlets, butcher shops, and major supermarkets. Grant Thornton played a major role in the transition, and Sam Cuteri, the Chairman of Turi Foods, commented that the merger has already begun to bring together the teams from both companies. He also revealed that the shared ownership will help both companies to better serve the customers who have come to rely on what they have to offer. David McDonald, the President of OSI Industries, remarked that, both, Turi and OSI have built something special with their companies and that the merger will see even more new innovative ways to serve both of their many varied clients.
OSI Industries has been in existence since 1909 when a German Immigrant named Otto Kolschowsky started up a small butcher shop and meat market in the bustling city of Chicago. It didn’t take long for Otto to find success, and before he knew it, he was expanding upon what he offered by entering into the wholesale aspect of the business. After his sons joined on with the family business, OSI continued its steady growth until it exploded during the 1970’s when its partnership with McDonald’s began to take it to new heights. By building a facility dedicated primarily to providing McDonald’s with food options, the company was ready to expand even further. This is when the sons realized they would need to hire outside help and decided to hire-on Sheldon Lavin who had a vision to make the company even bigger than it already was. Before long, OSI Industries was expanding into new locations in the United States as well as overseas and, now, years later the company is worth billions of dollars.
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